Sugar stocks headed lower after the central government banned the use of sugarcane juice for the making of ethanol, reflecting a weak crop production outlook. Concor and NTPC signed an agreement to build solar plants at Concor's terminals.
Adani Ports is in advanced talks to acquire ports in Odisha. Axiscades acquired the Hyderabad-based engineering services company Epcogen. Warburg Pincus is trimming its stakes in Bharti Airtel and IDFC First Bank.
Patanjali Foods traded at a new high after the company reiterated its focus on increasing sales of food products. SBC Exports announced a stock bonus issue. Hindustan Zinc announced a second interim dividend.
JSW Infrastructure acquired a controlling stake in a maritime maintenance company owned by Shapoorji Pallonji Group. Gulshan Polyols won an order to supply ethanol.
Tata Power won a transmission project between Bikaner and Neemrana. Adani Ports reported a surge in cargo volume in November. Salasar Techno was awarded a contract by Tamil Nadu Generation and Distribution.
Bajaj Auto reported a surge in domestic two-wheeler sales, and Mahindra & Mahindra vehicle sales advanced on strong demand for utility vehicles. ITD Cementation won a hydropower plant civil construction project in Andhra Pradesh.
On the opening day of trading, Tata Technologies and Gandhar Oil saw strong gains, while investors showed only mediocre interest in Fedbank Financial's IPO.
PBCL's board approved the purchase of Pune-based Aquapharm Chemicals. Aster DM Healthcare separated its Middle East operations in a deal with a private equity group. TCS set the stock buyback date.
Maruti Suzuki announced vehicle price increases in January 2024. SAIL plans to raise the price of rails for Indian Railways. Adani Group stocks soared after the Supreme Court concluded hearings on several petitions related to Hindenburg accusations.
